Timothy Batler

Tim Batler joined State Street Bank in 2002 and heads the Municipal Products business. Municipal Products includes two product lines; the Clipper Tax-Exempt Program (a proprietary tender option bond and third party trust program), and the municipal finance business that primarily offers credit and liquidity enhancement facilities to public sector issuers. Mr. Batler started his banking career at Marine Midland Bank in their management credit training program. Following the program, he was assigned to work for the chief credit officer of the world corporate banking division. He then held lending officer positions in the international corporate and airline/aerospace departments. In 1987, he joined the public banking department as a relationship manager and was promoted to Vice President in 1989. From 1990 to 2000, Mr. Batler was an executive director at the Canadian Imperial Bank of Commerce in New York and Boston where he was instrumental in the launching of their municipal credit enhancement business. At CIBC he originated and structured over $4 billion in credit and liquidity facilities on variable rate bonds and commercial paper. Mr. Batler received a BA in economics from Hartwick College, a bank lending diploma from New York University and an MBA from Fordham Universitys Graduate School of Business Administration. In addition to his work experience, Mr. Batler served on the Connecticut Commuter Rail Council for six years, taught international credit analysis at New York Universitys School of Continuing Education and has been a featured speaker at several public finance conferences. Mr. Batler is a registered general securities principal (Series 24) and municipal securities principal (Series 53).